Car Broker Insurance

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Why Compare Car Broker Insurance Quotes With SimplyQuote?

Finding the right insurance policies can be time-consuming. But it doesn’t have to be! You can use SimplyQuote’s online comparison tool to find and compare the best value car broker insurance options in the UK.

Search through dozens of offers from trusted insurers to find a deal that best suits you. The best part? It costs you absolutely nothing to compare with SimplyQuote, and you will almost certainly save money by finding a better insurance policy – making it a win-win for all businesses in the motor trade industry.

What Do You Need To Get A Car Broker Insurance Quote?

Why Do You Need Car Broker Insurance?

Looking for the cheap Car Broker Insurance? Get a quote today!

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What Does Car Broker Insurance Cover?

What Levels Of Road Risk Motor Trade Insurance Can You Get?

Although you can’t get different levels of car broker insurance, you can opt for different levels of road risk insurance as part of your car broker insurance policy, just like you can with any standard car insurance policy. These levels are third-party only (TPO), third-party, fire and theft (TPFT) and comprehensive cover.

Third-party only (TPO)

The bare minimum legal requirement. If there is an accident caused by you, the insurance covers the cost of damage or injury to third parties. However, the cover doesn’t extend to your vehicle, so you will be liable to pay to repair the car you’re driving when involved in an accident.

Third-party, fire and theft (TPFT)

This is more extensive than third-party only insurance as it also insures against vehicles being stolen or damaged by fire.

Fully comprehensive

This insurance covers the cost to repair or replace the vehicle you are driving when damaged in an accident. It will also cover legal expenses should a third party file a claim against you, and any medical expenses.

Which Add-Ons Are Available For Car Broker Insurance?

How Much Does Insurance Cost For Car Brokers?

How Can You Get Cheaper Insurance Rates?

There are several ways in which you can reduce your car broker insurance premiums:

Value precisely

Accuracy is critical if you want to find the best quotes for insuring your car dealership. If you overestimate your stock or the value of your premises or equipment, you could end up paying more for insurance than you should.

Improve security measures at your business premises

The safety and security of your business premises is important. If you leave your business vulnerable to the possibility of theft or vandalism, your dealership will appear to be a greater risk to insurers.

This means insurance firms will expect that your business has more chance of making a claim and they will protect themselves by increasing their quotes.

Shop around

The best way to find a better deal and compare insurance quotes. Use comparison sites like SimplyQuote, or arrange calls with car insurance brokers to see which deals they can offer you.

Choose mature drivers

Most insurance providers will quote you more for named drivers who are under 25, and some won’t insure young drivers at all.

Statistics show that younger drivers who are not experienced behind the wheel are more likely to be involved in accidents, increasing your risk of making a claim.

Pay annually

Paying for your premium in one lump sum is helpful for insurance providers because it reduces administrative load and removes the possibility that you might miss your payments.

How To Compare Car Broker Insurance Quotes With SimplyQuote?

Compare car broker insurance quotes with SimplyQuote in just four steps:

  1. Fill in our short form: Tell us about your business, stock and drivers.
  2. Choose insurance add-ons: Select which optional extras you want to add to your car broker insurance policy.
  3. Compare insurance quotes: Find the most suitable and affordable quote.
  4. Start saving: Get the best insurance deal!
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Frequently Asked Questions

What is car broker insurance?

Designed for automobile traders selling new or used cars, car broker insurance is a type of motor trade insurance. It’s sometimes referred to as car dealership insurance and car trader insurance.

What’s the difference between car broker insurance and regular car insurance?

Car broker insurance is a specialist insurance designed for businesses involved in brokering or facilitating the sale of vehicles. It provides cover tailored to the unique risks faced by car brokers, such as employer’s liability, road risk, and cover for inventory.

Regular car insurance is intended for personal vehicles and typically does not provide the same level of cover for businesses engaged in vehicle sales.